Payoneer to transform cross-border payments with investment and new board member from Nyca Partners

Investment

Payoneer announced that Hans Morris, managing partner at Nyca Partners, has joined the company’s board of directors, and brings a minority investment from Nyca to the table.

A former president of Visa and long-time Citi executive, Morris has 30 years’ experience in the financial services industry. He recently formed Nyca Partners, a venture capital and advisory firm that brings together New York banking expertise and Silicon Valley technology expertise, with the co-founder of Paypal, Max Levchin, and former head of Google payments, Osam Bedier, as investment partners.

Morris joins a leading online payments company dedicated to transforming the way businesses send and receive cross-border payments by removing the limitations that traditionally impede cross-border payments.

“We are delighted to add an industry leader like Hans to Payoneer’s board of directors and we’re excited to have Nyca as an investor,” said Scott Galit, CEO of Payoneer. “Hans shares Payoneer’s vision to empower global commerce by connecting businesses all around the world on an innovative financial platform. We are thrilled to add his expertise, along with the expertise of the entire Nyca team, to help us as we transform cross-border payments in today’s borderless digital world.”

Source: Globenewswire

 

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